Lowes Management and Development Limited - Accounts to registrar (filleted) - small 18.2

Lowes Management and Development Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 06990903(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

LOWES MANAGEMENT AND DEVELOPMENT LIMITED

LOWES MANAGEMENT AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 06990903)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOWES MANAGEMENT AND DEVELOPMENT LIMITED

COMPANY INFORMATION
for the year ended 31 August 2019







DIRECTOR: Mrs A Lowes





SECRETARY:





REGISTERED OFFICE: 4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA





REGISTERED NUMBER: 06990903(England and Wales)






LOWES MANAGEMENT AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 06990903)

BALANCE SHEET
31 August 2019

31/8/19 31/8/18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,299 32,605

CURRENT ASSETS
Debtors 5 58,196 17,355
Cash at bank 2,274 65,375
60,470 82,730
CREDITORS
Amounts falling due within one year 6 11,959 16,182
NET CURRENT ASSETS 48,511 66,548
TOTAL ASSETS LESS CURRENT LIABILITIES 81,810 99,153

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 81,809 99,152
SHAREHOLDERS' FUNDS 81,810 99,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2020and were signed by:





Mrs A Lowes- Director


LOWES MANAGEMENT AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 06990903)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2019

1. STATUTORY INFORMATION

Lowes Management and Development Limited is a private company, limited by shares, registered in England
and Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2018 - 1) .

LOWES MANAGEMENT AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 06990903)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2019

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2018 32,605 1,720 34,325
Additions - 832 832
At 31 August 2019 32,605 2,552 35,157
DEPRECIATION
At 1 September 2018 - 1,720 1,720
Charge for year - 138 138
At 31 August 2019 - 1,858 1,858
NET BOOK VALUE
At 31 August 2019 32,605 694 33,299
At 31 August 2018 32,605 - 32,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/19 31/8/18
£    £   
Trade debtors - 2,055
Other debtors 58,196 15,300
58,196 17,355

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/19 31/8/18
£    £   
Trade creditors (2 ) (1 )
Taxation and social security (1,618 ) 12,913
Other creditors 13,579 3,270
11,959 16,182